Remember me | Forgot password
For full content view: Log in Now!
According to IEA, OPEC crude supply fell 225,000 bopd in July, while world oil supply gained 615,000 bpd, totaling 85.5 million bpd. This is 800,000 bpd higher (0.94%) than levels one year ago. IEA forecasts restricted supply in August and September due to outages in Alaska, Nigeria and Iraq, as well as heavier maintenance in the North Sea. World oil demand remains unchanged from last month at 84.8 million bpd. IEA predicts future oil prices will rise as a result of violence in Lebanon, Israel and Palestine, as well as Iran’s indications of using oil as a response to UN sanctions.
In the Gulf of Mexico, seven deepwater discoveries were made in 2006. The US Minerals Management Service expects the trend to continue.
In August, a Romanian-owned rig, the Orizont, was attacked by an Iranian warship, damaging a crane and cabins. The conflict arose from contractual disagreements.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Istanbul - June 19-20
St. John's - June 19-20
Dana Point, CA - June 23-25
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.